ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
The report offers actionable and valuable market insights of IT Data Center. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of IT Data Center Market across various industries and regions.
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The global data center market is valued at around US$ 77 Bn at present. Revenue generation from data centers is likely to accelerate at a high CAGR of 13.8% to top US$ 279 Bn by 2031. Demand for new data centers is likely to surge at a CAGR of 14.3%. The global ICT market was valued at around US$ 5 trillion in 2020, with data centers holding 1.38% share of the same.
Development of hyper scale and green data centers has been witnessed to facilitate modularity, flexibility, and efficient energy consumption. Overall, with significant demand for DCIM (Data Center Infrastructure Management) transformation, the market for data centers is expected to witness lucrative opportunities across various countries.
| Data Center Market Size (2021) | US$ 77 Bn |
| Market Forecasted Value (2031) | US$ 279 Bn |
| Global Market Growth Rate (2021-2031) | 13.8% CAGR |
| Market Share of Top 5 Companies | 35%-40% |
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of IT Data Center market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of IT Data Center
This newly published and insightful report sheds light on Market Insights of IT Data Center, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of IT Data Center Market.
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Major companies have strong customer networks across the globe. Market frontrunners are tech giants with deep pockets, which aids them to invest heavily in development. Additionally, these players offer diversified services that are tailored as per individual customers.
Growth strategies adopted by market participants are agreements & contracts, collaborations, and new product developments to withstand their market position.
Similarly, recent developments by top providers of data centers have been tracked by the team at Fact.MR, which are available in the detailed report.
“Mounting cloud-based services has boosted development of digital infrastructure, thereby accelerating the need for new data centers across regions,” says a Fact.MR analyst.
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